New Law Mandates Health Care For All Construction Workers

The impact on the construction industry of the newly passed healthcare law is significant and almost immediate. According to SHRM, the Society for Human Resource Management,

"Large employers" —those with 50 or more employees—that don’t offer insurance will have to pay an annual tax of $2,000 per full-time worker.The first 30 uncovered workers would not count toward the tax penalty. Small employers (those with fewer than 50 employees) will be exempt from the tax. Businesses with more than 200 employees must automatically enroll workers into their health insurance plans. Employees would then be able to opt out. These provisions go into effect in 2014.